Deflation Photos on Townhall

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              FILE - In this July 22, 2013 file photo, Japanese Prime Minister Shinzo Abe, president of the Liberal Democratic Party, points a reporter during a press conference in Tokyo. Japan's ind

    FILE - In this July 22, 2013 file photo, Japanese Prime Minister Shinzo Abe, president of the Liberal Democratic Party, points a reporter during a press conference in Tokyo. Japan's ind

    Posted: 7/29/2013 9:42:27 PM EST
    FILE - In this July 22, 2013 file photo, Japanese Prime Minister Shinzo Abe, president of the Liberal Democratic Party, points a reporter during a press conference in Tokyo. Japan's industrial output fell in June for the first time in five months, the government said Tuesday, July 30, 2013 as it released data highlighting the fragility of the recovery in the world's No. 3 economy. Abe has claimed progress with his "Abenomics" strategy of fighting deflation with aggressive monetary easing and strong government spending. But he has indicated he may consider amending the plan for a 3 percent increase, to 8 percent, next April. (AP Photo/Koji Sasahara, File)
  •  - Passers-by walk in front of a Chanel store at Tokyo's Ginza shopping district in Tokyo

    Passers-by walk in front of a Chanel store at Tokyo's Ginza shopping district in Tokyo

    Posted: 7/23/2013 3:38:07 AM EST
    Passers-by walk in front of a Chanel store at Tokyo's Ginza shopping district in Tokyo July 11, 2013. Japan must raise its sales tax rate next year as scheduled to show it is serious about fixing up its tattered finances, the finance minister said on July 23, 2013, as the government upgraded its view of the economy and said deflation was easing.REUTERS/Toru Hanai
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              People walk by an electronic stock board of a securities firm showing Japan's benchmark Nikkei stock exchange surged 261.88 to 1,578.36 in Tokyo Monday, April 22, 2013. Asian markets tr

    People walk by an electronic stock board of a securities firm showing Japan's benchmark Nikkei stock exchange surged 261.88 to 1,578.36 in Tokyo Monday, April 22, 2013. Asian markets tr

    Posted: 4/22/2013 4:53:21 AM EST
    People walk by an electronic stock board of a securities firm showing Japan's benchmark Nikkei stock exchange surged 261.88 to 1,578.36 in Tokyo Monday, April 22, 2013. Asian markets traded higher Monday, with Tokyo stock markets heading close to a five-year high after a meeting of global finance leaders lent support to Japan's aggressive monetary policy. The Nikkei index rose after a statement by finance ministers and central bank presidents from the world's biggest economies appeared to give its blessing to aggressive credit-easing moves pushed by Japanese Prime Minister Shinzo Abe, saying they were intended to stop prolonged deflation and support domestic demand. (AP Photo/Koji Sasahara)
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              People cross a street in front of the Bank of Japan headquarters in Tokyo Wednesday, April 3, 2013. Japan's central bank is holding its first policy meeting under a new governor amid ex

    People cross a street in front of the Bank of Japan headquarters in Tokyo Wednesday, April 3, 2013. Japan's central bank is holding its first policy meeting under a new governor amid ex

    Posted: 4/3/2013 4:03:22 AM EST
    People cross a street in front of the Bank of Japan headquarters in Tokyo Wednesday, April 3, 2013. Japan's central bank is holding its first policy meeting under a new governor amid expectations of fresh moves to ease monetary policy and spur a recovery in the world's third-largest economy. Haruhiko Kuroda took the helm at the Bank of Japan on March 19, vowing to do whatever it takes to break Japan's economy out of deflation and attain a 2 percent inflation target. (AP Photo/Shizuo Kambayashi)
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              A man walks by the Bank of Japan headquarters in Tokyo Wednesday, April 3, 2013. Japan's central bank is holding its first policy meeting under a new governor amid expectations of fresh

    A man walks by the Bank of Japan headquarters in Tokyo Wednesday, April 3, 2013. Japan's central bank is holding its first policy meeting under a new governor amid expectations of fresh

    Posted: 4/3/2013 4:03:22 AM EST
    A man walks by the Bank of Japan headquarters in Tokyo Wednesday, April 3, 2013. Japan's central bank is holding its first policy meeting under a new governor amid expectations of fresh moves to ease monetary policy and spur a recovery in the world's third-largest economy. Haruhiko Kuroda took the helm at the Bank of Japan on March 19, vowing to do whatever it takes to break Japan's economy out of deflation and attain a 2 percent inflation target. (AP Photo/Shizuo Kambayashi)
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              People leave the Bank of Japan headquarters in Tokyo Wednesday, April 3, 2013. Japan's central bank is holding its first policy meeting under a new governor amid expectations of fresh m

    People leave the Bank of Japan headquarters in Tokyo Wednesday, April 3, 2013. Japan's central bank is holding its first policy meeting under a new governor amid expectations of fresh m

    Posted: 4/3/2013 4:03:21 AM EST
    People leave the Bank of Japan headquarters in Tokyo Wednesday, April 3, 2013. Japan's central bank is holding its first policy meeting under a new governor amid expectations of fresh moves to ease monetary policy and spur a recovery in the world's third-largest economy. Haruhiko Kuroda took the helm at the Bank of Japan on March 19, vowing to do whatever it takes to break Japan's economy out of deflation and attain a 2 percent inflation target. (AP Photo/Shizuo Kambayashi)
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              People cross a street in Tokyo, Friday, March 29, 2013. Japan's jobless rate edged higher and industrial production fell slightly in February as consumer prices also fell, underscoring

    People cross a street in Tokyo, Friday, March 29, 2013. Japan's jobless rate edged higher and industrial production fell slightly in February as consumer prices also fell, underscoring

    Posted: 3/28/2013 10:23:30 PM EST
    People cross a street in Tokyo, Friday, March 29, 2013. Japan's jobless rate edged higher and industrial production fell slightly in February as consumer prices also fell, underscoring the fragility of the recovery of the world's third-largest economy. The government data released Friday showed the main consumer price index fell 0.3 percent from a year earlier as deflation continued to defy the combined efforts of the government and central bank to move toward a 2 percent inflation target. (AP Photo/Shuji Kajiyama)
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              Commuters on escalators head to workplaces in Tokyo, Friday, March 29, 2013. Japan's jobless rate edged higher and industrial production fell slightly in February as consumer prices als

    Commuters on escalators head to workplaces in Tokyo, Friday, March 29, 2013. Japan's jobless rate edged higher and industrial production fell slightly in February as consumer prices als

    Posted: 3/28/2013 10:23:30 PM EST
    Commuters on escalators head to workplaces in Tokyo, Friday, March 29, 2013. Japan's jobless rate edged higher and industrial production fell slightly in February as consumer prices also fell, underscoring the fragility of the recovery of the world's third-largest economy. The government data released Friday showed the main consumer price index fell 0.3 percent from a year earlier as deflation continued to defy the combined efforts of the government and central bank to move toward a 2 percent inflation target. (AP Photo/Shuji Kajiyama)
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              People cross a street in Tokyo, Friday, March 29, 2013. Japan's jobless rate edged higher and industrial production fell slightly in February as consumer prices also fell, underscoring

    People cross a street in Tokyo, Friday, March 29, 2013. Japan's jobless rate edged higher and industrial production fell slightly in February as consumer prices also fell, underscoring

    Posted: 3/28/2013 10:23:30 PM EST
    People cross a street in Tokyo, Friday, March 29, 2013. Japan's jobless rate edged higher and industrial production fell slightly in February as consumer prices also fell, underscoring the fragility of the recovery of the world's third-largest economy. The government data released Friday showed the main consumer price index fell 0.3 percent from a year earlier as deflation continued to defy the combined efforts of the government and central bank to move toward a 2 percent inflation target. (AP Photo/Shuji Kajiyama)
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              FILE - In this  Oct. 26, 2012 file photo, a woman shops at a discount drugstore in Tokyo. Japan reports that its chronic deflation persisted in January, with consumer prices falling 0.2

    FILE - In this Oct. 26, 2012 file photo, a woman shops at a discount drugstore in Tokyo. Japan reports that its chronic deflation persisted in January, with consumer prices falling 0.2

    Posted: 3/1/2013 3:33:27 AM EST
    FILE - In this Oct. 26, 2012 file photo, a woman shops at a discount drugstore in Tokyo. Japan reports that its chronic deflation persisted in January, with consumer prices falling 0.2 percent from a year earlier, though the employment situation showed a modest improvement. (AP Photo/Koji Sasahara, File)
  •  - Bank of Japan Governor Shirakawa attends a news conference in Tokyo

    Bank of Japan Governor Shirakawa attends a news conference in Tokyo

    Posted: 10/30/2012 5:32:16 AM EST
    Bank of Japan Governor Masaaki Shirakawa attends a news conference in Tokyo October 30, 2012. The Bank of Japan expanded its asset purchases by 11 trillion yen ($138 billion) on Tuesday, easing monetary policy for the second straight month amid heightened pressure for bolder action to fight deflation and support an economy on the cusp of recession. REUTERS/Yuriko Nakao
  •  - A man enters an electronics store in Tokyo

    A man enters an electronics store in Tokyo

    Posted: 4/26/2012 11:24:55 PM EST
    A man enters an electronics store in Tokyo April 26, 2012. Japan's core consumer prices rose 0.2 percent in March from a year earlier due to higher energy costs, but analysts say the country's escape from deflation is years away. Picture taken April 26, 2012. REUTERS/Toru Hanai (JAPAN - Tags: BUSINESS SOCIETY)
  •  - A woman walks past a drugstore in Tokyo

    A woman walks past a drugstore in Tokyo

    Posted: 4/26/2012 11:22:42 PM EST
    A woman walks past a drugstore in Tokyo April 26, 2012. Japan's core consumer prices rose 0.2 percent in March from a year earlier due to higher energy costs, but analysts say the country's escape from deflation is years away. Picture taken April 26, 2012. REUTERS/Toru Hanai (JAPAN - Tags: SOCIETY BUSINESS)
  •  - A man looks at purchase prices of games and DVDs in Tokyo

    A man looks at purchase prices of games and DVDs in Tokyo

    Posted: 4/26/2012 11:19:07 PM EST
    A man looks at purchase prices of games and DVDs in Tokyo April 26, 2012. Japan's core consumer prices rose 0.2 percent in March from a year earlier due to higher energy costs, but analysts say the country's escape from deflation is years away. Picture taken April 26, 2012. REUTERS/Toru Hanai (JAPAN - Tags: BUSINESS SOCIETY)
  •  - A man walks under an advertisement banner at a parking lot in Tokyo

    A man walks under an advertisement banner at a parking lot in Tokyo

    Posted: 4/26/2012 11:12:30 PM EST
    A man walks under an advertisement banner (top) reading "Maximum price for 24 hours of parking 1,200 yen" at a parking lot in Tokyo April 26, 2012. Japan's core consumer prices rose 0.2 percent in March from a year earlier due to higher energy costs, but analysts say the country's escape from deflation is years away. Picture taken April 26, 2012. REUTERS/Toru Hanai (JAPAN - Tags: BUSINESS SOCIETY)
  •  - To match Interview JAPAN-ECONOMY/BOJ

    To match Interview JAPAN-ECONOMY/BOJ

    Posted: 3/30/2012 7:15:04 AM EST
    Daiwa Institute of Research Chairman Toshiro Muto poses after an interview with Reuters in Tokyo March 30, 2012. The Bank of Japan needs to - and likely will - ease monetary policy further even if the economy recovers, as any pickup in growth will be too small to pull the country out of deflation in the foreseeable future, the former BOJ Deputy Governor Muto said. To match Interview JAPAN-ECONOMY/BOJ REUTERS/Yuriko Nakao (JAPAN - Tags: HEADSHOT BUSINESS EMPLOYMENT)
  •  - Daiwa Institute of Research Chairman Muto speaks during an interview with Reuters in Tokyo

    Daiwa Institute of Research Chairman Muto speaks during an interview with Reuters in Tokyo

    Posted: 3/30/2012 7:12:41 AM EST
    Daiwa Institute of Research Chairman Toshiro Muto speaks during an interview with Reuters in Tokyo March 30, 2012. The Bank of Japan needs to - and likely will - ease monetary policy further even if the economy recovers, as any pickup in growth will be too small to pull the country out of deflation in the foreseeable future, the former BOJ Deputy Governor Muto said. To match Interview JAPAN-ECONOMY/BOJ REUTERS/Yuriko Nakao (JAPAN - Tags: BUSINESS EMPLOYMENT)
  •  - To match Interview JAPAN-ECONOMY/BOJ

    To match Interview JAPAN-ECONOMY/BOJ

    Posted: 3/30/2012 7:11:01 AM EST
    Daiwa Institute of Research Chairman Toshiro Muto speaks during an interview with Reuters in Tokyo March 30, 2012. The Bank of Japan needs to - and likely will - ease monetary policy further even if the economy recovers, as any pickup in growth will be too small to pull the country out of deflation in the foreseeable future, the former BOJ Deputy Governor Muto said. To match Interview JAPAN-ECONOMY/BOJ REUTERS/Yuriko Nakao (JAPAN - Tags: BUSINESS EMPLOYMENT)
  •  - To match Interview JAPAN-ECONOMY/BOJ

    To match Interview JAPAN-ECONOMY/BOJ

    Posted: 3/30/2012 7:01:20 AM EST
    Daiwa Institute of Research Chairman Toshiro Muto speaks during an interview with Reuters in Tokyo March 30, 2012. The Bank of Japan needs to - and likely will - ease monetary policy further even if the economy recovers, as any pickup in growth will be too small to pull the country out of deflation in the forseeable future, the former BOJ Deputy Governor Muto said. To match Interview JAPAN-ECONOMY/BOJ REUTERS/Yuriko Nakao(JAPAN - Tags: HEADSHOT BUSINESS)
  •  - To match Interview JAPAN-ECONOMY/BOJ

    To match Interview JAPAN-ECONOMY/BOJ

    Posted: 3/30/2012 6:59:38 AM EST
    Daiwa Institute of Research Chairman Toshiro Muto speaks during an interview with Reuters in Tokyo March 30, 2012. The Bank of Japan needs to - and likely will - ease monetary policy further even if the economy recovers, as any pickup in growth will be too small to pull the country out of deflation in the forseeable future, the former BOJ Deputy Governor Muto said. To match Interview JAPAN-ECONOMY/BOJREUTERS/Yuriko Nakao(JAPAN - Tags: BUSINESS HEADSHOT EMPLOYMENT)